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An update from Compagnie de Saint Gobain ( (FR:SGO) ) is now available.
CSR, a subsidiary of Saint-Gobain, has agreed to sell its Badgerys Creek property in Australia for A$575 million, with the transaction expected to close by December 19, 2025. This sale is part of CSR’s strategy to monetize property assets, totaling A$900 million since Saint-Gobain’s acquisition of CSR in July 2024, enhancing the company’s financial flexibility and focus on core operations.
More about Compagnie de Saint Gobain
Saint-Gobain is a global leader in light and sustainable construction, designing, manufacturing, and distributing materials and services for the construction and industrial markets. The company focuses on integrated solutions for building renovation, light construction, and decarbonization, driven by continuous innovation to enhance sustainability and performance. With over 161,000 employees and operations in 80 countries, Saint-Gobain reported €46.6 billion in sales in 2024 and is committed to achieving net zero carbon emissions by 2050.
Learn more about SGO stock on TipRanks’ Stock Analysis page.